§ 34-51-3-5 Reduction of excessive damage award

Codes > Indiana Code > Title 34 > Article 51 : Chapter 3 > 34-51-3-5 Reduction

34-51-3-5 Reduction of excessive damage award

    Sec. 5. If a trier of fact awards punitive damages that exceed the limitation under section 4 of this chapter, the court shall reduce the punitive damage award to not more than the greater of:

    (1) three (3) times the amount of compensatory damages awarded in the action; or

    (2) fifty thousand dollars ($50,000).